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BREAKING NEWS: If You Got Net "Profit" of $1000 from Zeek, You Need to...
According to the settlements thus far, and statement from Zeek receiver Ken Bell's update to the court, if you own as little as $1000 (i.e. you're a "net winner" and you got $1000 or more profit from...
View ArticleBREAKING NEWS: Brazilian News "Fantastico" Investigates TelexFree, finds...
The article's too long and it's in Portuguese, but you can read Google translation...
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Woo in 2013: Some bogus images "proves" their product works? Nah.
Is your product from Mr. Bogus? (Photo credit: Wikipedia)The problem with modern health is it's so complicated that modern charlatans moved in using pseudo-science, fancy jargon, and bogus advertising...
View ArticlePonzi Liar Gets Jail Sentenced Doubled by Judge
A fraudster who got people to hand over 1.5 million had promised to pay back most of it to get a reduced sentence. When it was found that the guy hadn't paid a single cent, but instead, was exclaiming...
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TelexFree Location Lie: It's TVI Express All Over Again
It's interesting how the scams just repeating themselves, albeit with a different audience.Recently, when the Brazilian courts issued an injunction / cease and desist order against TelexFree, the...
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TelexFree just gotten even more bizarre... to the observers
TelexFree claims to be a communciations provider (sells VOIP packages), but also offers "AdCentral", which is a clone of Ad Surf Daily "auto surf" ponzi. They were recently issued an injunction by...
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MLM Mythbusting: Did Harvard Business School Really Develop 3 Criteria of...
English: Harvard Business School (Photo credit: Wikipedia)Here's one of the most often repeated MLM myths: Harvard Business School teaches Network Marketing. That is a LIE. HARVARD BUSINESS SCHOOL DOES...
View ArticleBREAKING NEWS: Brazil shuts down BBOM, another pyramid scheme (pretending to...
According to The Gazette in Brazil, the courts in Brazil must be working overtime, as they just shut down BBOM, a suspected financial pyramid scheme. It's only a few weeks ago that another court shut...
View ArticleHYIP Pitchpeople Beware: Legisi HYIP Pitchman Gagnon got 5 years FEDERAL...
It seems the Feds are really going after the criminals... Not just the ringleaders who start up the HYIP scams, but also their primary pitchmen (and pitchwomen). Â Many of these HYIPs were created and...
View ArticleProfitable Sunrise Pitchwoman Nanci Jo Fraser Charged by Ohio Attorney...
According to PatrickPretty, com, citing multiple sources, Nanci Jo Fraser, who ran a "Focus Up Ministry", was charged by Ohio Attorney General for defrauding the public for her part in the Profitable...
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Why You Cannot Treat Money With Rationality (and How to Fix It)
Lifehacker pointed out a TEDx presentation (kinda TED conference, but locally organized) where psychologist Daniel Crosby points out 4 biases that we share... and we have the same biases on finance AND...
View ArticleBREAKING NEWS: Zeek Receivership will continue, despite some Winner's Attempt...
Trudy Gilmond and Kellie King, both net winners in the Zeek Rewards ponzi, had previously filed a motion to dissolve the receivership. The motion has been denied.The only reason why they would file...
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What Herbalife Apologists Are Ignoring (And You Shouldn't)
Warren Buffett, whose Berkshire Hathawayowns Pampered Chef, a MLM. Is it comparableto Herbalife though? (source:Wikipedia)Hedge fund managers, being handlers of other people's money, tend to be very...
View ArticleUNCONFIRMED: Is Brazilian Prosecutor Asking for US Cooperation to Shutdown...
According to Brazilian Media, as reported by PatrickPretty.com, Brazilian prosecutor is asking US prosecutors (which state or Federal agency?) to help it shut down TelexFreeThis cannot be confirmed as...
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Why do Some MLMers expect other people to take them seriously, when they do...
English: Different customer loyalty cards (airlines, car rental companies, hotels etc.) (Photo credit: Wikipedia)In life, "fairness" is often expected. You do something for me, I do something for...
View ArticleHow Modelling Scam Works
While Modelling Scam is not MLM, some of the marketing tactics are remarkably similar: they involve selling your own dreams to...
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Will John Peterson's Suicide Save Herbalife, or Doom it?
John Peterson, a Herbalife Millionaire who climbed his way (some say over his downlines' backs) to Herbalife "Founder's Cicle", the highest grade of salesperson rank possible, has just put a bullet in...
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Scammers Will Fake Anything and Everything
Let me show you this little "certificate" here, plastered all over the shady corners of the Internet called we critics call "the great fool pool", otherwise known as HYIP forums. HYIP, or "high yield...
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Will You Be The Greater Fool in MLM?
Sell eBooks to riches? Don't be so sure. It may beGreat Fool instead. (Photo credit: Wikipedia)In the stock market there is this theory called "the greater fool" theory. Its believers state that many...
View ArticleREMINDER: FINAL DEADLINE to file ZeekRewards claims is September 5th, 2013!
If you believe ZeekRewards owe you money, you need to file your claim before September 5th, 2013! That's only 2 weeks left!After that it's "lights out"!Over 350 million of claims had been filed,...
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